It was not just GME. There was a large group of retailers (Overstock, AMC, Bed Bath & Beyond, Nordstom, etc.) that were getting shorted into oblivion so Amazon could roll them all up. In fact, Jeff Bezos (former hedge fund employee) and Amazon are likely the puppet masters directing the Hedge Funds (at least with the retailer stock targeting). If Amazon/Bezos are ever prosecuted for their criminal activity, Amazon (and maybe Bezos) would likely get liquidated from damages. It is likely fraud, and fraud penalty is 3x actual and 200x punitive damages.
All Amazon acquisitions appear to have been shorted to either lower acquisition price or allow Amazon to buy assets out of bankruptcy. GME is attempting to create a retail ecosystem to compete directly with Amazon, and Amazon does not like REAL competition.
Cat got out of the bag to retail investors before hedge funds could get out of their positions on GME (probably by design), so by default it ended up as the posterchild. Also, the relatively low float (prior to new issuance) made it the best candidate to help destroy the hedge funds because retail investors could lock the float at transfer agent and force hedge funds to create many billions of fake shares to continue to suppress the price.
In fact, Jeff Bezos (former hedge fund employee) and Amazon are likely the puppet masters directing the Hedge Funds (at least with the retailer stock targeting)
Bingo! You get it!
Not many people realize this. For those who aren’t aware…
He left his position as VP at a hedge fund to start “an online book store” 🤦🏻♂️ which rapidly grew into the behemoth it is today, thanks in part to his old pals on Wall Street naked shorting to death (called “Cellar Boxing”) the competitors to Amazon (Sears, Blockbuster, Radio Shack, ToysRus, GameStop, Bed Bath, etc.)
Also, AWS (Amazon Web Services) “allegedly” did their part to thwart the online services of those same companies.
Lastly, the corrupt hedge funds installed their people (Boston Consulting Group) on the Board of Directors of these targeted companies.
This documentary https://archive.org/details/videoplayback_20210423 brought attention to it way back in 2012, but really it was (White Hat asset?) Keith Gill (Roaring Kitty) who finally brought widespread awareness to the issue.
It was not just GME. There was a large group of retailers (Overstock, AMC, Bed Bath & Beyond, Nordstom, etc.) that were getting shorted into oblivion so Amazon could roll them all up. In fact, Jeff Bezos (former hedge fund employee) and Amazon are likely the puppet masters directing the Hedge Funds (at least with the retailer stock targeting). If Amazon/Bezos are ever prosecuted for their criminal activity, Amazon (and maybe Bezos) would likely get liquidated from damages. It is likely fraud, and fraud penalty is 3x actual and 200x punitive damages.
All Amazon acquisitions appear to have been shorted to either lower acquisition price or allow Amazon to buy assets out of bankruptcy. GME is attempting to create a retail ecosystem to compete directly with Amazon, and Amazon does not like REAL competition.
Cat got out of the bag to retail investors before hedge funds could get out of their positions on GME (probably by design), so by default it ended up as the posterchild. Also, the relatively low float (prior to new issuance) made it the best candidate to help destroy the hedge funds because retail investors could lock the float at transfer agent and force hedge funds to create many billions of fake shares to continue to suppress the price.
I wonder if vulture capitalist Mittens Romney is part of this game too.
Yes, he was, or is, a part of Bain Capital. Anons dug into that rabbit hole on SuperStonk a couple years ago.
This.
Amazon, Bain Capital and Citadel Bust Out the Competition
https://www.reddit.com/r/Superstonk/s/gPrxzLrZ9Z
Bingo! You get it!
Not many people realize this. For those who aren’t aware…
He left his position as VP at a hedge fund to start “an online book store” 🤦🏻♂️ which rapidly grew into the behemoth it is today, thanks in part to his old pals on Wall Street naked shorting to death (called “Cellar Boxing”) the competitors to Amazon (Sears, Blockbuster, Radio Shack, ToysRus, GameStop, Bed Bath, etc.)
Also, AWS (Amazon Web Services) “allegedly” did their part to thwart the online services of those same companies.
Lastly, the corrupt hedge funds installed their people (Boston Consulting Group) on the Board of Directors of these targeted companies.
This documentary https://archive.org/details/videoplayback_20210423 brought attention to it way back in 2012, but really it was (White Hat asset?) Keith Gill (Roaring Kitty) who finally brought widespread awareness to the issue.
Excellent explanation.
🤯